Suffering from poverty envy…
EJ Dionne points out what most of us already knew: the editorial page writers at the Wall Street Journal are nuts.
I am not making this up. The Wall Street Journal’s editorial page always provides important clues about the Next New Thing among conservatives, and there it was last week assailing “The Non-Taxpaying Class.”
The editorial writers are roiled by the fact that the richest Americans, those with incomes of more than $500,000 a year, account for 28 percent of total tax revenue and that the top 5 percent “coughed up more than half of total tax revenue.” The Journal contrasts these unfortunate souls with the thriving person who earns $12,000 a year and ends up “paying a little less than 4 percent of income in taxes.”
Worse yet, various tax credits, mostly aimed at helping families raise children, further reduce the income tax burden on low-income folks to the point that “almost 13 percent of all workers have no tax liability and so are indifferent to income tax rates. And that doesn’t include another 16.5 million who have some income but don’t file at all.”
Then comes this remarkable sentence: “Who are these lucky duckies?”